Mayfair Advisory Group LLC Sells 188 Shares of EMCOR Group, Inc. (NYSE:EME)

Mayfair Advisory Group LLC reduced its position in EMCOR Group, Inc. (NYSE:EME) by 14.2% during the first quarter, HoldingsChannel reports. The fund owned 1,137 shares of the construction company’s stock after selling 188 shares during the quarter. Mayfair Advisory Group LLC’s holdings in EMCOR Group were worth $398,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in EMCOR Group by 17.2% in the 1st quarter. GAMMA Investing LLC now owns 239 shares of the construction company’s stock worth $84,000 after purchasing an additional 35 shares during the period. Modus Advisors LLC increased its holdings in shares of EMCOR Group by 2.0% in the fourth quarter. Modus Advisors LLC now owns 2,503 shares of the construction company’s stock worth $539,000 after buying an additional 49 shares during the period. Daiwa Securities Group Inc. raised its holdings in EMCOR Group by 0.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock valued at $3,049,000 after buying an additional 50 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of EMCOR Group by 32.5% in the fourth quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock worth $45,000 after purchasing an additional 51 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in EMCOR Group by 1.0% in the third quarter. Synovus Financial Corp now owns 6,072 shares of the construction company’s stock worth $1,277,000 after acquiring an additional 62 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd.

EMCOR Group Stock Performance

Shares of NYSE:EME traded down $5.30 during trading on Friday, reaching $365.08. 898,858 shares of the stock traded hands, compared to its average volume of 676,294. The stock has a 50-day moving average of $375.31 and a two-hundred day moving average of $310.10. EMCOR Group, Inc. has a 52-week low of $178.52 and a 52-week high of $401.98. The stock has a market cap of $17.16 billion, a P/E ratio of 24.08 and a beta of 1.08.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. The business had revenue of $3.43 billion during the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. Sell-side analysts expect that EMCOR Group, Inc. will post 16.1 earnings per share for the current year.

EMCOR Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, April 15th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. EMCOR Group’s dividend payout ratio is 6.60%.

Insider Activity

In other news, Director Carol P. Lowe sold 1,245 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total value of $465,916.35. Following the transaction, the director now owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.26% of the company’s stock.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.